European Union watchdogs fined Apple and Meta hundreds of millions of euros as they stepped up enforcement of the 27-nation bloc’s digital competition rules.

The European Union on Wednesday fined Apple and Meta hundreds of millions of euros each for breaching the bloc's digital competition laws. Officials said that Apple failed to comply with so-called "anti-steering" obligations under the Digital Markets Act.

Apple was fined 500 million euros ($570 million) on Wednesday and Meta 200 million euros, as European Union antitrust regulators handed out the first sanctions under landmark legislation aimed at curbing the power of Big Tech.